RE:RE:RE:Financials anyone?I did post this before the delay was reported and again no response but here it is again
Why doesn’t 24k or Niet who have a line to the company answer this?
So the issue is
- Why?
- Why haven't the announced it and is an idiot like me reporting it?
- Will this lead to a lively delay in reporting their results?
- In our space ii the hasn't gone well when an auditor resigns....
Toronto, Canada, March 5, 2019 – Namaste Technologies Inc. (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) confirmed today that PricewaterhouseCoopers, LLP will no longer be acting as the Company’s auditor. The Company’s audit committee and board have accepted PwC’s resignation and are in advanced discussions with potential successor auditors, one of whom is in the final stages of its client acceptance process. The filings required under Section 4.11(5) of National Instrument 51-102- Continuous Disclosure Obligations will be made publicly available at www.sedar.com. The Company’s annual financial statements are due to be filed by March 31, 2019. The Company currently believes that it is unlikely that it will be able to meet such filing deadline. The Company will continue to assess this and will update the market in due course.
To make matters worse, Namaste auditors, Price Waterhouse Cooper (PwC), resigned today and refused to continue working with the company. With Namaste now seeming unlikely to meet its annual financial statement deadlines, shares dropped around 12.5 percent following the announcement.
"The company announced that PwC formally dropped Namaste as a client only six months after the two companies came to an agreement. Currently, Namaste is looking for a replacement and “are in advanced discussions with potential successor auditors, one of whom is in the final stages of its client acceptance process,” addingthat “the Company’s annual financial statements are due to be filed by March 31, 2019. The Company currently believes that it is unlikely that it will be able to meet such a filing deadline. The Company will continue to assess this, and will update the market in due course.”https://warriortradingnews.com/2019/03/07/namastes-stock-plunges-as-auditor-price-waterhouse-cooper-resign/
Read more at https://stockhouse.com/companies/bullboard/c.huge/fsd-pharma?postid=29667365#OCuw705UXVzfJ7Do.99